NASDAQ · Financial Statements

GameSquare Holdings, Inc. (GAME) Financial Statements

$2.31 NASDAQ: GAME Market Cap $30.18M

GameSquare Holdings, Inc. most recently reported annual revenue of $45.0M, a net loss of $40.0M. Revenue grew at an average annual rate of 32.5% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

GameSquare Holdings, Inc.: net profit was positive in 0 of 11 reported years; operating margin moved from -1512.1% to -26.1%, a shift of +1486.0 percentage points; the most recent year shows a net loss of $40.0M.

Income Statement — 11 Years (USD millions)

Metric20152016201720182019202020212022202320242025
Revenue—$0$0$4.0M$4.0M$11.0M$33.0M$28.0M$41.0M$96.0M$45.0M
Operating Expenses—$0$5.0M$15.0M$12.0M$26.0M$50.0M$46.0M$67.0M$142.0M$57.0M
Operating Profit—$0$-5.0M$-11.0M$-7.0M$-15.0M$-16.0M$-18.0M$-25.0M$-46.0M$-12.0M
Operating Margin0.0%0.0%-1512.1%-314.2%-173.3%-145.7%-49.4%-65.0%-61.5%-48.0%-26.1%
Other Income—$0$-5.0M$1.0M$-7.0M$-11.0M$-12.0M$0$-1.0M$-9.0M$-18.0M
Interest$0$0$0$0$0$1.0M$1.0M$0$1.0M$1.0M$0
Depreciation$0$0$0$2.0M$2.0M$4.0M$4.0M$3.0M$4.0M$4.0M$2.0M
Profit Before Tax—$0$-10.0M$-10.0M$-14.0M$-27.0M$-29.0M$-18.0M$-26.0M$-56.0M$-30.0M
Tax——$450,000$8.2M$-1.0M$0$0$1.7M$210,000$0$-210,000
Net Profit—$0$-10.0M$-12.0M$-15.0M$-32.0M$-41.0M$-18.0M$-31.0M$-49.0M$-40.0M
EPS$0.00$0.00$-4314.96$-3031.68$-3209.12$-350.72$-109.44$-26.08$-22.48$-14.00$-4.88
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$12.0M$17.0M$18.0M$18.0M$26.0M$23.0M$21.0M$16.0M$11.0M$18.0M$15.0M$18.0M
Operating Expenses$17.0M$26.0M$24.0M$24.0M$33.0M$49.0M$28.0M$21.0M$14.0M$19.0M$18.0M$20.0M
Operating Profit$-5.0M$-9.0M$-6.0M$-6.0M$-6.0M$-25.0M$-7.0M$-5.0M$-2.0M$0$-3.0M$-2.0M
Operating Margin-47.7%-54.6%-35.4%-34.6%-24.3%-107.2%-33.7%-29.8%-21.1%-0.9%-23.3%-9.3%
Interest$0$0$0$0$0$0$0$0$0$0$0$0
Profit Before Tax$-5.0M$-18.0M$-7.0M$-10.0M$-7.0M$-29.0M$-7.0M$-6.0M$6.0M$-28.0M$-18.0M$-11.0M
Tax$210,000$220,000$0$0$0$0$0$0$0$-230,000$0$-790,000
Net Profit$-5.0M$-18.0M$-5.0M$-12.0M$-5.0M$-26.0M$-5.0M$-3.0M$-1.0M$-31.0M$-18.0M$-11.0M
EPS$-12.16$-10.96$-2.40$-3.04$-1.44$-6.48$-1.12$-0.62$-0.07$-2.56$-1.44$-0.88

Over the 11 years reported for GameSquare Holdings, Inc., cash stood at $6.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 0.54 times.

Balance Sheet — 11 Years (USD millions)

Metric20152016201720182019202020212022202320242025
Total Assets$0—$9.0M$15.0M$11.0M$53.0M$67.0M$43.0M$65.0M$82.0M$80.0M
Current Assets$0—$2.0M$2.0M$5.0M$12.0M$32.0M$22.0M$22.0M$36.0M$22.0M
Cash$0—$2.0M$1.0M$3.0M$6.0M$16.0M$9.0M$3.0M$13.0M$6.0M
Inventory$0—$0$0$0$0$0$0$0$0$0
Receivables$0—$0$1.0M$1.0M$5.0M$10.0M$10.0M$16.0M$22.0M$9.0M
Fixed Assets$0—$1.0M$0$0$1.0M$1.0M$0$5.0M$3.0M$2.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0$0
Investments$0$0$1.0M$0$1.0M$2.0M$3.0M$3.0M$3.0M$11.0M$42.0M
Other Assets$0—$2.0M$7.0M$1.0M$19.0M$18.0M$15.0M$16.0M$13.0M$6.0M
Total Liabilities$0—$10.0M$8.0M$18.0M$53.0M$42.0M$27.0M$46.0M$70.0M$44.0M
Current Liabilities$0—$8.0M$7.0M$5.0M$42.0M$32.0M$22.0M$36.0M$55.0M$41.0M
Borrowings$0$0$0$0$14.0M$20.0M$11.0M$8.0M$15.0M$23.0M$4.0M
Other Liabilities$0—$10.0M$8.0M$5.0M$33.0M$31.0M$19.0M$31.0M$47.0M$41.0M
Equity$0—$12.0M$30.0M$30.0M$69.0M$123.0M$125.0M$0$0$0
Reserves$0—$-1.0M$7.0M$-8.0M$0$25.0M$16.0M$18.0M$12.0M$36.0M

For GameSquare Holdings, Inc., operating cash flow was positive in 0 of 11 reported years; free cash flow in the latest year was negative at $76.0M; free cash flow was positive in 0 of 11 years; financing activities used $2.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 11 Years (USD millions)

Metric20152016201720182019202020212022202320242025
Operating Cash Flow$0—$-4.0M$-5.0M$-5.0M$-13.0M$-30.0M$-12.0M$-16.0M$-31.0M$-18.0M
Investing Cash Flow$0—$-4.0M$-8.0M$-2.0M$0$0$0$14.0M$3.0M$-118.0M
Financing Cash Flow$0—$0$0$0$1.0M$0$0$0$21.0M$-2.0M
Net Cash Flow$0—$2.0M$-1.0M$2.0M$3.0M$10.0M$-5.0M$-6.0M$10.0M$-7.0M
Free Cash Flow$0$0$-5.0M$-5.0M$-5.0M$-13.0M$-31.0M$-12.0M$-16.0M$-31.0M$-76.0M

Valuation & Return Ratios

MetricValue
PEG Ratio-0.01
EV / EBITDA-1.22
FCF Yield-7035.74%
Quick Ratio0.90
Interest Coverage-27.33
Return 1Y-73.70%
Return 3Y-90.17%
Return 5Y-98.62%

GameSquare Holdings, Inc. (GAME) financials — frequently asked questions

What is GameSquare Holdings, Inc.'s annual revenue?

GameSquare Holdings, Inc. (GAME) reported annual revenue of $45.0M in its most recent fiscal year.

What is GameSquare Holdings, Inc.'s net profit?

GameSquare Holdings, Inc. (GAME) reported a net loss of $40.0M in its most recent fiscal year.

What is GAME EV/EBITDA?

GameSquare Holdings, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is -1.22. A negative value means EBITDA was negative over the period, so the ratio is not a meaningful valuation measure.

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